IOC dividend 2024: State-owned Indian Oil announces record date, check other details

Indian Oil Corporation (IOCL), the state-owned oil marketing company (OMC) on Thursday, May 30, announced a record date for its final dividend, according to a stock market disclosure.

This comes a month after when the state-owned oil company shared its quarterly results (Q4FY24) for the financial year 2024. IOCL has now fixed the record date to determine who will be eligible for the purpose.

In its regulatory filing, IOCL said, "Friday, July 12, 2024, as the record date for the purpose of determining the eligibility of members to receive a final dividend for the year ended March 31, 2024. 

The oil company had announced a Rs 7 per equity share dividend along with its fourth quarter (Q4 FY24) numbers. 

A look at IOCL Q4 earnings

IOCL reported a 49.96 per cent year-on-year fall in consolidated net profit at Rs 5,148.87 crore for the quarter that ended on March 31 in financial year 2023-24 (Q4FY24). The company had reported a net profit of Rs 10,289.82 crore during the same period last year (Q4FY23).

Sequentially, the net profit went down 42.97 per cent from Rs 9,029.56 crore in the last quarter.

Meanwhile, shares of IOCL closed at Rs 161.95 each, down 1.88 per cent on BSE on Thursday, May 30.